Financial Performance - Net income for Q4 2024 was $15.3 million, or $0.50 per diluted share, down from $21.8 million, or $0.72 per diluted share in Q3 2024[2] - Basic earnings per share for the quarter were $0.51, down from $0.72 in the previous quarter, representing a decline of 29.2%[21] - Net income for Q4 2024 was $15.290 million, a decrease from $21.815 million in Q3 2024[31] - Return on average assets for Q4 2024 was 0.48%, down from 0.70% in Q3 2024[31] - Return on average common equity decreased to 4.94% in Q4 2024 from 7.22% in Q3 2024[31] Revenue and Income - Pre-provision net revenue (PPNR) decreased to $30.3 million in Q4 2024 from $35.2 million in the prior quarter[2] - Total interest income for the three months ended December 31, 2024, was $168,417 thousand, a decrease of 3.4% from $173,813 thousand in the previous quarter[21] - Net interest income after provision for credit losses was $60,260 thousand, down from $63,342 thousand in the prior quarter, reflecting a decrease of 4.3%[21] - Noninterest income totaled $4,067 thousand, significantly lower than $6,951 thousand in the previous quarter, representing a decline of 41.5%[21] - Total noninterest expense increased to $44.532 million in Q4 2024 from $43.614 million in Q3 2024[31] Asset and Loan Management - Total loans were $7.9 billion at December 31, 2024, a decrease of 0.4% from the prior quarter-end[9] - Total loans at the end of December 2024 were $7,934,888 thousand, a slight decrease of 0.45% from $7,970,269 thousand in the previous quarter[25] - Nonperforming loans increased to $208,707 thousand from $134,387 thousand in the previous quarter, indicating a rise of 55.1%[25] - Net charge-offs for the quarter were $9,535 thousand, up from $5,303 thousand in the previous quarter, reflecting an increase of 79.5%[25] - The allowance for credit losses was 1.44% of total loans, up from 1.40% in the prior quarter[12] Deposits and Equity - Total deposits rose by $590.2 million, or 6.9%, to $9.1 billion at quarter-end[12] - Total deposits rose to $9,131,078 thousand, an increase of 6.9% from $8,540,850 thousand in the previous quarter[23] - Total deposits increased to $10,056,463 thousand, up from $9,344,414 thousand, representing a growth of about 7.6%[1] - Total shareholders' equity rose to $1,230,573 thousand compared to $1,201,477 thousand, marking an increase of approximately 2.4%[1] Capital and Ratios - Common equity tier one capital ratio increased to 14.6% at quarter-end[6] - The tangible common equity ratio improved to 11.02% from 10.86% in the previous quarter[4] - The efficiency ratio for Q4 2024 was 59.50%, up from 55.40% in Q3 2024[31] - The efficiency ratio increased to 59.49% from 55.35%, indicating a rise in operational overhead relative to revenue[4] Interest and Yield - The net interest margin (NIM) decreased to 2.29% in Q4 2024 from 2.37% in the prior quarter[8] - Total interest-earning assets rose to $12,303,940 thousand, with an average yield of 5.45%, down from 5.73% in the previous quarter[26] - The average yield on loans decreased to 6.63% in December 2024 from 6.77% in December 2023, indicating a downward trend in loan yields[28] - Net loan fees and late charges included in interest income on loans totaled $4.3 million for the three months ended December 31, 2024, compared to $4.7 million for the same period in 2023[28]

BETHESDA, Md., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle", the "Company") (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the fourth quarter ended December 31, 2024. Eagle reported net income of $15.3 million or $0.50 per diluted share for the fourth quarter 2024, compared to net income of $21.8 million or $0.72 per diluted share during the third quarter. Pre-provision net ...

BETHESDA, Md., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ: EGBN) (“Eagle”) announced today that as of 5:00 p.m., New York City time, on January 14, 2025 (the “Expiration Date”), $73.5 million in aggregate principal amount of outstanding 10.00% Senior Notes due 2029 (CUSIPs: 268948 AC0 and 268948 AD8) (the “Original Notes”) representing approximately 95% of the $77.7 million total outstanding principal amount of the Original Notes, were validly tendered and not validly withdrawn in connect ...

BETHESDA, Md., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ: EGBN) (“Eagle”) today announced that (i) the expiration date has been extended until 5:00 p.m. (Eastern Time) on January 14, 2025 (the “Extended Expiration Date”) with respect to its previously announced offer to exchange (the “Exchange Offer”) its outstanding unregistered 10.00% Senior Notes due 2029 (the “Original Notes”) for a like principal amount of notes of the same series that have been registered under the Securities Act o ...

Addition of experienced bankers in the DMV region complements EagleBank’s C&I growth strategyBETHESDA, Md., Jan. 09, 2025 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced that Bryan Pynchon will join the Bank as a C&I Market Executive for Maryland and Ian Joseph and Andrew Brkic as Relationship Managers (RMs) under Pynchon’s leadership, as of January 6, 2025. In their respective roles, the new team members will work to advance Eag ...

BETHESDA, Md., Jan. 09, 2025 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ:EGBN), one of the largest community banks in the Washington, D.C. area, today announced that Bryan Pynchon will join the Bank as a C&I Market Executive for Maryland and Ian Joseph and Andrew Brkic as Relationship Managers (RMs) under Pynchon's leadership, as of January 6, 2025. In their respective roles, the new team members will work to advance EagleBank's goal of expanding its robust, diverse, and stable C&I portfolio. "The talent that we ...

BETHESDA, Md., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, today announced that it will host a teleconference call for the financial community on January 23, 2025, at 10:00 a.m. (EST). On this call, Eagle Bancorp Inc.’s Chief Executive Officer Susan Riel and Chief Financial Officer Eric Newell will discuss earnings for the fourth quarter and year end 202 ...

Eagle Bancorp (EGBN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors o ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, December 23:Pitney Bowes Inc. (PBI) : This technology-driven company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.Pitney Bowes has a price-to-earnings ratio (P/E) of 19.03 compared with 49.50 for the industry. The company possesses a Value Scoreof A.National Fuel Gas Company (NFG) : This diversified energy company ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 0-25923 Eagle Bancorp, Inc. (Exact name of registrant as specified in its charter) Maryland 52-2061461 (State or other ju ...